Zurcher Kantonalbank Zurich Cantonalbank Has $10.89 Million Stock Holdings in Camden Property Trust (NYSE:CPT)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Camden Property Trust (NYSE:CPT) by 25.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,832 shares of the real estate investment trust’s stock after purchasing an additional 19,181 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.09% of Camden Property Trust worth $10,888,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CPT. Verdence Capital Advisors LLC grew its stake in Camden Property Trust by 5.0% during the third quarter. Verdence Capital Advisors LLC now owns 2,379 shares of the real estate investment trust’s stock worth $294,000 after buying an additional 113 shares during the last quarter. Venturi Wealth Management LLC grew its position in Camden Property Trust by 96.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 781 shares of the real estate investment trust’s stock worth $96,000 after acquiring an additional 384 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Camden Property Trust during the 3rd quarter valued at $453,000. Sumitomo Mitsui Trust Group Inc. raised its position in Camden Property Trust by 0.6% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 290,969 shares of the real estate investment trust’s stock valued at $35,943,000 after purchasing an additional 1,786 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC boosted its stake in Camden Property Trust by 9.0% in the third quarter. Ashton Thomas Private Wealth LLC now owns 6,935 shares of the real estate investment trust’s stock worth $857,000 after purchasing an additional 572 shares in the last quarter. 97.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Royal Bank of Canada raised their target price on Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a research note on Monday, February 10th. JPMorgan Chase & Co. downgraded shares of Camden Property Trust from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $129.00 to $128.00 in a research note on Tuesday, December 17th. Jefferies Financial Group raised shares of Camden Property Trust from a “hold” rating to a “buy” rating and increased their price target for the company from $117.00 to $139.00 in a research note on Monday. Barclays raised their price target on shares of Camden Property Trust from $126.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Finally, Scotiabank upped their price objective on Camden Property Trust from $130.00 to $135.00 and gave the stock a “sector perform” rating in a report on Friday, February 14th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $127.19.

Insider Activity

In related news, CEO Richard J. Campo sold 1,043 shares of the firm’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $110.06, for a total transaction of $114,792.58. Following the sale, the chief executive officer now directly owns 299,092 shares in the company, valued at $32,918,065.52. This trade represents a 0.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Heather J. Brunner sold 264 shares of the company’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $110.06, for a total transaction of $29,055.84. Following the completion of the transaction, the director now directly owns 10,273 shares of the company’s stock, valued at approximately $1,130,646.38. The trade was a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,548 shares of company stock worth $2,912,212 in the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Camden Property Trust Stock Down 1.7 %

Shares of NYSE CPT opened at $118.40 on Thursday. Camden Property Trust has a 52-week low of $94.75 and a 52-week high of $127.69. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.14. The stock has a market cap of $12.64 billion, a P/E ratio of 78.93, a P/E/G ratio of 4.41 and a beta of 0.94. The firm has a 50 day moving average price of $116.63 and a 200 day moving average price of $119.55.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.05. Camden Property Trust had a net margin of 10.58% and a return on equity of 3.35%. Analysts expect that Camden Property Trust will post 6.76 EPS for the current year.

Camden Property Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 31st will be given a dividend of $1.05 per share. The ex-dividend date is Monday, March 31st. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.55%. This is a positive change from Camden Property Trust’s previous quarterly dividend of $1.03. Camden Property Trust’s dividend payout ratio (DPR) is currently 280.00%.

Camden Property Trust Company Profile

Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns and operates 172 properties containing 58,250 apartment homes across the United States.